waterflaws replied on Permalink
That's "$600 trillion" with a "600 trillion"!!!!
There is nothing legitimate, or real, about the $600 Trillion (over $1/2 QUADRILLION) in derivatives "assets"!* There's not enough "money" in the world to get the banksters out of THAT mess, yet they are still being allowed to play the game, and insurance companies are still insuring them? Why the banksters aren't in jail (or swinging from lamp posts) is a mystery to me. Meanwhile, the tidal wave of foreclosures, amounting to less than 1% of the derivatives market, is allowed to continue with abandon, leaving homeowners swinging in the breeze!
*I thought it was closer to $250 trillion, but EITHER number is many times the ENTIRE world's annual output!
The Rich/Big Corporations
get that way
by ELIMINATING JOBS!
